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Procter & Gamble (PG) Earnings Beat Estimates with 7% Sales Growth
Procter & Gamble (PG) reported fiscal third-quarter earnings per share of $1.63, exceeding the $1.56 expected, while revenue reached $21.24 billion, surpassing the anticipated $20.5 billion. The company's volume grew by 2%, marking the first increase in a year, with net income rising to $3.93 billion from $3.78 billion a year earlier. The beauty division led with a 5% volume growth, while the baby and family care segment increased by 3%. P&G maintained its sales growth forecast of 1% to 5% for the full year, indicating stability despite current economic challenges.
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X Reports $1 Billion Trading Volume from Cashtags in Two Days
X reported that its Cashtags feature generated approximately $1 billion in global trading volume within the first two days of launch. The feature allows users to view live price charts and related discussions for stock and crypto tickers within posts. This initiative aims to enhance the integration of financial discussions and transactions on the platform. The rollout is currently available on iPhone for users in the United States and Canada, supported by Wealthsimple for certain tickers. X's head of product, Nikita Bier, indicated this is an initial step towards broadening its financial services.
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